Part 1) Journalize the adjusting entries below at year-end December 31, XXXX. Please share your supporting calculations for the adjusting entries requiring computations.(a) Accrued Service Revenue of $5,000

(b) The unadjusted balance of the Supplies account is $1,700. The total cost of supplies remaining is $900.

(c) Interest revenue of $500 has been earned but not yet received.

(d) Equipment was purchased at the beginning of the year for $35,000. The equipment's useful life is 5 years and the residual value is $7,000. Record the depreciation for this year.

(e) The weekly payroll is $30,000. Employees are owed for 2 days of a 5-day work week.

(f) Beginning unearned service revenue is $3,000, and ending unearned service revenue is $1,500.

Part 2) Calculate the overall overstatement or understatement of net income if the above adjusting entries were not made. Please share your work.